Conversion of a convertible security can occur in two ways. Which of the following is/are correct?
I. It can be a voluntary conversion at specific times prior to the expiration date.
II. It can be a forced conversion at any time prior to the expiration date.
A) I only
B) II only
C) Both I and II
D) Neither I nor II

Question

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The Answer of Conversion of a convertible security can occur in two ways. Which of the following is/are correct?
I. It can be a voluntary conversion at specific times prior to the expiration date.
II. It can be a forced conversion at any time prior to the expiration date.
A) I only
B) II only
C) Both I and II
D) Neither I nor II

Conversion of a Convertible Security Can Occur in Two Ways